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$10,000,000
1 Day On Site

2801 SW 3rd Ave
Miami, FL 33129

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
23,231
SqFt
$430
/SqFt
2019
Built
County:
Miami-Dade

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2801 SW 3rd Ave2801 SW 3rd Ave2801 SW 3rd Ave2801 SW 3rd Ave
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Free-standing Class A Brickell medical office building. Built in 2019, CBS construction, 23,231 SF, underground parking, floor-to-ceiling glass, rooftop area. T6-8O under Miami 21, highest-intensity urban core transect — medical offices, surgical suites, outpatient procedure centers, dental/oral surgery operations by right; vacancy sits at a historic low of 6.1%-new construction supply is virtually nonexistent. Over $4M in tenant improvements and medical buildout, Current Miami Class A medical rates of $110–$130/SF NNN — pro forma NOI of over $600,000 and a stabilized value well in excess of the asking price. At $10,000,000 — representing $865/SF on net rentable area — this offering is priced significantly below the qualified closed-comp average of $851–$994/SF for far inferior, older product on the same corridor. Replacement cost alone for new surgical-grade medical construction exceeds $450–$1,020/SF, making this a rare opportunity to acquire an irreplaceable asset below replacement cost. The seller is motivated and open to offers. A fast closing is preferred. This is an exceptional opportunity for an owner-user, medical operator, or healthcare investor seeking a trophy medical asset in one of the strongest medical office markets in the United States.

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Listing Snapshot
Price 
$10,000,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
23,231 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2224 Acres
Year Built 
2019
MLS® Number 
A12034396
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
21 hours agoStatus changed to Active
21 hours agoPrice changed to $10,000,000
21 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Property Sub Type 
Mixed Use
SqFt Total 
23231
Style 
Detached
Zoning 
6100
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Community Features
MLS Area 
41
Listing courtesy of Premier Properties

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Neighborhood & Commute
Source: Walkscore
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